Global Sources
EE Times-Asia
Stay in touch with EE Times Asia
?
EE Times-Asia > Power/Alternative Energy
?
?
Power/Alternative Energy??

Fairchild to buy System General for $200M

Posted: 04 Jan 2007 ?? ?Print Version ?Bookmark and Share

Keywords:Fairchild? System General? power management IC? acquisition? John Walko?

Fairchild Semiconductor is expected to launch a tender offer to acquire 100 percent of the outstanding shares of System General Corp. through a wholly-owned Fairchild subsidiary. The purchase price is expected to be about $200 million.

System General is a major designer and supplier of analog power management chips. Fairchild is expected to retain nearly all the 250 employees of the Taiwanese group, including the current management team.

Mark Thompson, Fairchild's president and CEO said in a statement on Jan. 2 that there are significant synergies between the two companies, with System General being one of Asia's strongest players in modulated (PWM) controllers, desktop PC power supply supervisor and combo ICs, and power factor correction (PFC) controllers in Taiwan and China, while Fairchild has strong sales of AC/DC offline regulators in Korea and China.

The aim is for System General to eventually become a wholly owned Fairchild subsidiary combining the power conversion businesses of each company and to form a single business unit targeting worldwide AC/DC offline power conversion applications.

Fairchild expects the acquisition to be neutral to its earnings per share in 2007 and to be accretive to earnings per share in 2008 and beyond.

- John Walko
EE Times Europe




Article Comments - Fairchild to buy System General for ...
Comments:??
*? You can enter [0] more charecters.
*Verify code:
?
?
Webinars

Seminars

Visit Asia Webinars to learn about the latest in technology and get practical design tips.

?
?
Back to Top